Binance Coin / Dollar may fall to 551.1 - 557.9

Our pivot point stands at 582.4.

Our preference

The downside prevails as long as 582.4 is resistance.

Alternative scenario

The upside breakout of 582.4, would call for 594 and 600.8.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 577.6 and 575.9).

Supports and resistances

600.8 **

594.0 *

582.4 **

577.9

572.7 last

557.9

551.1 **

544.3 *

537.5 **

Number of asterisks represents the strength of support and resistance levels.